I've seen a lot of debates about whether getting used mining gear is better than brand new. Honestly, I can't wrap my head around how anyone can seriously think that unless they're short on cash. If you've got the funds for new equipment, just go for it. It's worth it in the long run. Why risk buying used stuff that could break down?
Lol, I’ve bought my fair share of mining gear and trust me, both new and used can fail. Sometimes the used ones even last longer. Plus, cheaper gear gets you closer to ROI quicker than new stuff. A buddy of mine can buy any ASIC but chooses used ones. He’s all about ROI, not scared of a malfunction.
Biggest mistake I see is people buying gear without a repair backup. If you can fix your own stuff, then sure, go for used. Plus, cheap electricity helps a ton.
Got any data on failure rates? Running ASICs 24/7 can be rough like GPUs. Some reports say certain models fail a lot but I can't find solid proof. And yeah, small farms probably lean towards cheaper rigs if they have low electricity costs. It's all about ROI, really.
Not just about used or new. You’ve got to check if the seller is legit or if the gear is even worth it. Lots of scams out there. I’ve seen ads on Amazon and eBay too, but those reviews can be sketchy.
Depends on the usage history. I bought a couple from someone who got them at a pawn shop. Neither lasted long. But I also scored old S9s that work as space heaters now.
It all depends. I’d face hefty customs on new gear and there are no local ASIC repair shops. I went with used just to not spend too much. My ROI on the used was about 200-250 days, while new would take double that.
Yeah, new equipment isn’t always easy to buy in small amounts. In good times, buying in bulk is pricey for solo miners. Middlemen charge crazy markups.
Could you share some real experiences? New rigs can flop too. Bitmain has put out some duds that break faster than expected. At least with used, you know they’ve been tested.
Not much experience, but I think rigs that are just 1-2 years old can be profitable since they’ll hit ROI faster than new ones. Why spend 5K on a new miner when you can snag a 3K rig and earn quicker? Old is gold, right?
I keep an eye on the market, but 1-2 year old equipment is rare. Most used stuff is older, like 3-5 years. If you’re not tech-savvy, you'll learn the hard way instead of making profit.
Buying used at a lower price lets you get more for the same cash as new. Plus, used gear has already taken its depreciation hit, so you might not lose as much reselling it later.
True, but if you flip the equipment later, profit will be slim. The value is tied to how much it earns, not the seller's margin. Halving is coming soon, I’d rather grab Bitcoin.
You can’t just wait for BTC halving to make moves. BTC will rise regardless, just needs a little nudge. Long-term investors should grab BTC now. Most people are waiting for prices to jump but forget it can drop again too.
Yeah, new ASICs come out due to better efficiency, but huge farms won’t replace everything when new hardware drops. They’ll stick with what works until it’s not profitable.
Huge mining operations don’t swap all their miners at once. It’s gradual. They replace old ones as new tech comes out. Plus, with a lot of rigs, they can swap out parts since Bitmain sells parts separately.